Karat Packaging Inc expected to post earnings of 52 cents a share - Earnings Preview

Karat Packaging

06/11/2024 14:35

* Karat Packaging Inc  KRT.OQ   KRT.O  is expected to show a
rise
in quarterly revenue when it reports  results on November 7 for
the period ending September 30 2024
    * The Chino California-based  company is expected to report
a
7.0% increase in revenue to $112.933 million from $105.53
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.The company's guidance on August 8
2024, for the period ended September 30, was for revenue between
$110.80 million and $113.97 million.
    * ​LSEG's mean analyst estimate for Karat Packaging Inc is
for
earnings of 52 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Karat
Packaging
Inc is $32.00​, above​ its last closing price of $27.18. ​​​

The company's guidance on August 8 2024 for the period ended
September 30 was for gross profit margin between USD38% and
USD39%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024              0.60       0.49      Missed  -17.6
 Mar. 31 2024  0.45        0.45       0.40      Missed  -11
 Dec. 31 2023              0.41       0.24      Missed  -40.9​
 Sep. 30 2023  0.42        0.44       0.47      Beat    7.6
 ​​Jun.        0.30        0.31       0.69      Beat    125
 30 2023                                                
 Jan. 1 0001   0.26        0.31       0.46      Beat    49.8​
 Dec. 31 2022  0.30        0.33       0.30      Missed  -7.7
 Sep. 30 2022  0.34        0.34       0.33      Missed  -1.5
 This summary was machine generated November 6 at 14:34 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)